About Bicycle & Road Bike
The bicycle is made of lightweight materials. The term road bicycle can also refer to any type of bike that is primarily used for road trips. It is primarily designed for road use and other applications. Many fitness enthusiasts turned to bicycling as an alternative to closed gyms and to maintain social distance during the post-covid situation. Some of the different types of bicycle racing are road riding, time trailing, cyclo-cross, mountain biking, street cycling, BMX, and cycle speedway. Non-racing cycling events include artistic riding, cycle polo, freestyle BMX, and mountain bike trials.
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The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Bicycle & Road Bike market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Trek Bicycle Corporation (United State), Colnago (Italy), Bianchi (Italy), Raleigh (United State), Orbea (Spanish), Giant (Taiwan), Scott (Switzerland, BSA Cycle (India), Atlas Cycles (India) and Carvalo (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are BMC (India), Ridley (United States) and Surly (United States).
AMA Research has segmented the market of Global Bicycle & Road Bike market by Type (Water Bottles, Cycle Pumps., Helmet, Saddle Covers., Cycle Bells., Cycle Locks. Chain Locks., Cycle Pump Accessories. and Others) and Region.
On the basis of geography, the market of Bicycle & Road Bike has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline (Hypermarkets, Supermarkets, Multi-Brand Stores, Specialty Retail Stores, Independent Retailers, Exclusive/Franchise Stores) will boost the Bicycle & Road Bike market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Steel will boost the Bicycle & Road Bike market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Male will boost the Bicycle & Road Bike market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On Jan 28 2022 TVS Motor company signed merge agreement with Switzerland's largest e-bike player.TVS says the acquisition will help it become a leading player in the e-personal mobility space and its larger vision of providing sustainable mobility solutions to its customers and complement its other recent acquisitions. TVS considers SEMG to be a long-term partner in establishing a strong presence in the e-mobility business.
On 16 feb 2022 NZ-based Avanti enters Indian bicycle market; launches in Avanti Giro FM1 along with Scott sport. Avanti represents a unique opportunity because it is a product Of Scott bicycle company. and It has a spring-lock (clutch) mechanism, traditionally only Seen in high rated Bicycle and Road Bike
- Rising Safety Awareness
- Growing Fitness Awareness facilitated Demand for Cycles
- Passion of people for Bicycle and Road Bike for traveling
- Growing electric bike market
- Growing demand of Folding bike market
- Low Penetration in Asian Region
- Demand for Sustainable Alternatives to Motor Bikes
- Increase trend of active life style
- Discomfort in Riding
- Lack of Regulations
- Raw Material Price Fluctuation
- Market Penetration
Key Target AudiencePeople who love cycling., Student and kids, Women and gymnastics, Vendor and supplier, Government bodies and Corporate entities
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.